30 Sep 2021 07:00
TRACKWISE DESIGNS PLC
("Trackwise", the "Company" or the "Group")
Exercise of Options and Total Voting Rights
Trackwise Designs (AIM: TWD), a leading provider of specialist products using printed circuit technology, announces the exercise of share options by current and former employees of the Company over 13,991 new ordinary shares of 4 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of 28.25 pence per share.
Application has been made to the London Stock Exchange for the 13,991 new Ordinary Shares to be admitted to trading on AIM and admission is expected to occur on or around 8.00am 5 October 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.
Total Voting Rights
For the purpose of the Disclosure Guidance and Transparency Rules, following the above issue of equity, the issued share capital of the Company will comprise 28,757,729 Ordinary Shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.
Enquiries:
Trackwise Designs plc | +44(0)16 8429 9930 |
Philip Johnston, CEO | www.trackwise.co.uk |
Mark Hodgkins, CFO | |
finnCap Ltd | +44(0)20 7220 0500 |
NOMAD and Broker | |
Ed Frisby / Tim Harper - Corporate Finance | |
Andrew Burdis / Barney Hayward - ECM | |
Alma PR | +44(0)20 3405 0212 |
Financial PR and IR | |
David Ison / Caroline Forde / Josh Royston / Kieran Breheny |
Notes to editors:
Trackwise is a UK-based manufacturer of specialist products using printed circuit technology.
The full suite includes: Improved Harness Technology™ ("IHT") and Advanced PCBs - Microwave and Radio Frequency ("RF"), Short Flex, Flex Rigid and Rigid Multilayer products.
IHT uses a proprietary, patented process that Trackwise has developed to manufacture multilayer flexible printed circuits of unlimited length. While the technology has many applications, the directors expect that one of its primary uses will be to replace traditional wire harness in a variety of industries.
The Company manufactures on two sites, located in Tewkesbury and Stevenage (following the acquisition of Stevenage Circuits Ltd in April 2020). It serves customers in Europe and North America. The Company has acquired a third site in Stonehouse Gloucestershire initially for its EV programme.
Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker TWD. For additional information please visit www.trackwise.co.uk
TWD.L (TWD)